Academy For Classical Education Inc
Macon, GA
What do they do?
This organization runs a public charter school in Macon, Georgia that serves students in grades K-12. They provide traditional classroom education with teachers, instructional materials, and facilities to help students develop strong academic foundations.
Their mission:
"To build the foundation of knowledge and critical thinking skills necessary for children to become independent learners for life."
💵 Money In vs. Money Out (2023)
Money they received
$24.0 million
Money they spent
$23.9 million
✅ They had money left over. They received $76K more than they spent.
📥 Where did the money come from? (2023)
| Source | Amount | % |
|---|---|---|
| 🎁 Donations & Gifts | $22.6 million | 94% |
| 🏢 Money earned from services | $1.2 million | 5% |
| 📈 Money earned from investments | $108K | 0% |
| Total | $24.0 million | 100% |
📤 Where did the money go? (2023)
| What it paid for | Amount | % |
|---|---|---|
| 🎯 The actual mission (programs & services) | $1.2 million | 5% |
| 👷 Employee paychecks | $9.5 million | 40% |
| 👔 Boss paychecks (executives) | $292K | 1% |
| 🏛️ Payroll taxes (paid to government) | $174K | 1% |
| Total spent | $23.9 million | 100% |
👥 Who runs this organization? (2023)
| Name | Job Title | Paid |
|---|---|---|
| Laura Perkins | Complex Principal | $104,616 |
| Esterine Stokes | Dean of Academy | $103,738 |
| Pat Kelly | Chief Financial Officer | $101,117 |
🏦 What do they own vs. what do they owe? (2023)
| 💰 Total stuff they own (assets) | $58.7 million |
| 💳 Total they owe (debts) | $68.0 million |
| 📊 What's left (net worth) | -$9.3 million |
⚠️ Their debts are bigger than what they own. This sometimes happens when organizations borrow money to build things like buildings. It doesn't always mean they're in trouble.
🎯 What programs do they run?
The organization's main program is providing facilities, teachers, instructional services and materials for students enrolled in their public charter school. They spent $19.6 million on this educational program in 2021.
⚠️ Things you might want to know
The organization has significant debt ($33.7 million in tax-exempt bond liabilities) and negative net assets of $9.4 million, meaning they owe more than they own. However, this appears to be related to facilities construction financing which is common for charter schools. Executive compensation appears reasonable for an organization of this size.
📄 Where did we get this info?
This comes from the IRS Form 990 that Academy For Classical Education Inc filed for the year 2023. Every nonprofit has to tell the government how they spent their money, and that info is public.
👉 See the original tax form yourself →Data from ProPublica Nonprofit Explorer. Plain English summaries created with AI and reviewed for accuracy.